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sam but the ways in which they do this are very different. if you just apply a flat tax on u.s. imports that's one way to push our trade back into balance that doesn't involve risks of crony capitalism, that doesn't involve risks to the government micromanaging the economy. if you say okay which is going to have a flat tariff of 10% or 20% or 30% whatever it takes to get to a zero trade deficit that doesn't introduce a lot of corruption or a lot of dangers bad policymaking because it's a very simple policy. it's just determined by an arithmetical formula and there's no opportunity for anybody to play games. one of the good things about it if you have a flat tariff, is if you had a 30% tariff on imported goods that's not enough to relocate the production of t-shirts that united states because cost is too great. it's great to relocate things like silicon wafer fabrication so would tend to relocate back to the u.s. high value capital-intensive skill intensive industries which is of course what we want to do. those are the industries that are high-quality -- high-quality into she
to address income inequality and the way to do that is what we do with tax dollars is relevant for fiscal balance and variable to with the importance. >> two parts presentation. what are the lessons. second, put this country in a position in the interest of learning, and lessons from abroad. wouldn't have the grotesque system, what would be an example if the united states has already learned, would make you hopeful? >> we are both gathering our data. sometimes you have to build it. evidence of things not seen. >> a small question, and -- i don't know whether you are saying the united states development program, anything in the area of economic growth, some of the things he said. after three other things. the economic growth area, i can see a different event developing the underprivileged, legal system, the vital economy, talked about some of the time, my bigger question is, sort of an eclectic, that we have certain sensibles in development and develop questions, every situation is quite complex. privatization is commonly used as the state runs everything, but selling the water system and
. and of after that some of yesterday's senate debate on a bill that would allow states to collect sales taxes from online retailers. >>> several live events to tell you about today. the senate judiciary committee hears from homeland security secretary janet napolitano about immigration policy. that's on c-span at 9:30 a.m. eastern. on c-span3 at 10 eastern, the head of the consumer financial protection bureau, richard cordray, presents the bureau's semiannual report to the senate banking committee. also on c-span3 a senate judiciary subcommittee looks into constitutional and statutory authority for drone strikes and targeted killings. that's at 4 p.m. eastern. >>> one of the problems when the judges are appointing the public defenders is then the public defender's job is reliant on their approval. and judges are judged, um, on their efficiency often; how fast do they process cases, how quickly do they get through the docket? so they're going to want a public defender that goes along and gets along, that does their bidding. and that's a real challenge. and in new orleans for a long time, the s
that relationship is good. they could now been on ice and suffers tax. we branch or resources to the problems and i've been really pleased that their attitude towards working with us and our attitude towards working with them. >> with regard to community banks that are not subject to the cfpb examination authority, what measures have you taken to ensure that sure roles are clearly interpreted? are there potential regulators doing their exams? does the cfpb continue the small entity compliance guides as has been done twice already? on the other mortgage rules. >> thank you, mr. chairman. i've got about three different answers to that question. on the small entity compliance guides, this is something we take seriously and we been told this over and over by small institutions in the trade associations that represent them like a cba and that means taking their rules, initially mentioned 2500 pages of rules issued in january. that's 2500 pages of taxpayers a lot of that is preamble, cost-benefit analysis. what a translator for several hundred pages of rules and the sir congress direct this to do. noneth
Search Results 0 to 3 of about 4